After several months of improvement in housing, manufacturing and sales, the U.S. economic recovery appeared to sputter in October, leading investors and analysts to re-evaluate whether their forecasts were too rosy.
via MarketWatch.
Nov 28
Losses on investments in apartment buildings, offices, shopping malls and other commercial real estate will begin to increase in the next 6 months to a year as rents decline and vacancies increase,
via Bloomberg.com.
Nov 28
Fred Glick: It’s amazing how real estate agents still think that you can just tell their buyers to tell the mortgage guy that they are going to live in the property when they are not.
via Agent Genius.
Nov 28
Nov 27
On October 30, 2009, the Federal Deposit Insurance Corporation, in coordination with other federal bank regulatory agencies, released guidelines on prudent commercial real estate loan workouts.
Nov 27
The Mortgage Brokers Association just released their multifamily lending report, revealing that the dollar amount decreased between 2007 to 2008, plummeting to $88 billion in volume.
via Agent Genius
Nov 27
Fannie Mae announced a program aimed at helping ordinary home buyers compete with investors for foreclosed homes.
via WSJ.com.
Nov 26
New York's highest court ruled that it is lawful for the state to seize private land for use by private developers
via WSJ.com.
